Thoughts on 28% GST for online gaming?
Folks at Dream 11, Games24×7, Junglee, etc how's the environment in the office? Have there been any updates from the leadership regarding the direction they'd be taking? As of now, here at Gameskraft it's an elephant in the room with everybody in denial, talking about how we can still survive and no updates from leadership yet.
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Curated from across
Indian Startups on
by UtterBlade55
InMobi
Nazara, Winzo, and others write to govt to protest 28% GST on ‘online skill gaming’
Looks like the gaming federation is trying really hard to lobby government and get the decision reversed. Any thoughts?
Earlier this week, the 50th GST Council meeting decided that a 28% GST will be levied on the full face value of online gaming.
https://entrackr.com/2023/07/nazara-winzo-and-others-write-to-govt-to-protest-28-gst-on-online-skill-gaming/
News Discussion on
by Thomas_Shelby
Swiggy
40,000Cr GST notice to Dream11
40,000Cr to Dream11 20000Cr to GamesKraft 16,000Cr to Deltacorp This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!
Central Board of Indirect Taxes and Customs is likely to send show cause notices to over 40 skill-gaming companies for alleged tax evasion a...
https://www.moneycontrol.com/news/business/dream11-parent-approaches-bombay-high-court-challenging-gst-evasion-notice-11426751.html
News Discussion on
by baatli_wala
Amazon
What's your view on GST on online gaming (aka satta), was legalizing it was good idea?
In a recent interview following the presentation of the Interim Budget, Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxe...
https://insider99.com/en-in/surge-in-gst-collections-from-online-gaming-signals-growth-in-sector/